Check my work 2 10 points Tanner-UNF Corporation acquired as a long-term investment $350 million of 70% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate yield was 8% for bonds of Similar risk and maturity Tanner-UNF paid $3200 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $330.0 million Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate, 3. At what amount will Tanner-UNF report its Investment in the December 31, 2021. balance sheet? 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $3100 million Prepare the journal entry to record the sale 2015 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg4 Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate. (If no entry is required for a transaction/event, select "No al entry required in the first account field. Enter